WE ARE NOW ACCEPTING REGULAR LOANS
EFFECTIVE SEPTEMBER 1, 2020
For more information contact Carla Dixon at 601-676-0566 or through email: carla.dixon@choctawfcu.org
Qualifications
Must be a member for a minimum of 90 days unless we are doing a loan special. During loan specials we waive the 90-days waiting period. All loans are determined by credit score for the amount qualified, interest rate, and debt to income ratio (DTI Ratio) that does not exceed the 50%.
More About Loans
Low-cost loans are one of the greatest benefits of credit union membership. Whether you are financing your first car, tractor (i.e. zero turn) or a personal loan, you will find low rates, affordable payments and personal service right here at Choctaw Federal Credit Union.
A cosigner must complete a loan application, employment verification, and a Notice to Cosigner Form. A cosigner must be a member with a credit score of 620< and 45% or less in debt to income ratio. A cosigner may only sign on one loan at a time. Loan approval will be based the credit-worthiness of the cosigner. The interest rate will be based on the credit-worthiness of the primary borrower.
♦ Maximum loan amount up to $40,000.00
♦ Must be employed 2 years +
♦ Quote must include: Standard & Accessory, Mileage, Model, Make and VIN
*** When approved you will need full coverage insurance listing Choctaw Federal Credit Union as a loss payee
♦ Maximum loan amount up to $35,000.00
♦ Less than 125,000 miles
♦ Vehicle will be within the current NADA official used care guide (Current 7 years guide)
♦ Must be employed 2 years +
♦ Quote must include: Standard & Accessory, Mileage, Model, Make and VIN
♦ Choctaw Federal Credit Union has the right to request inspection
*** When approved you will need full coverage insurance listing Choctaw Federal Credit Union as a loss payee
♦ Maximum loan amount up to $40,000.00
♦ Must be employed 2 years +
♦ Quote must include: Standard & Accessory, Equipment (if any) Hours, Model, Make and Serial Number
♦ Choctaw Federal Credit Union has the right to request inspection
*** Protection Coverage for Zero Turn will be explained when applying
*** When approved you will need full coverage insurance listing Choctaw Federal Credit Union as a loss payee
♦ Loan amount – Minimum $500.00 to Maximum $5,000.00
♦ Must be employed 1 year +
Only offered during specific dates. Check back for more information on date and qualifications.
♦ Spring Fling
♦ Back to School
♦ Christmas
Loading…